Sahara spurns offer: Sahara Group rejected a US$1.3 billion offer by a consortium of investors for its three hotels, including London’s Grosvenor House and two New York City hotels, calling it a “devious attempt” to lower the price.
Read more at the Business Standard
Peninsula’s new palace: The Peninsula Paris was named a “Palace” by the French Tourism Development Agency, ATOUT France. The distinction places the hotel, Peninsula’s first European property, above a 5-star rating by the agency. The hotel opened in 2014.
Schrager sells Public: Ian Schrager sold the Public Chicago hotel in the city’s Gold Coast for US$60 million. The purchaser is the U.S. unit of Hong Kong-based Gaw Capital Partners. A Gaw affiliate has assumed management of the 285-room hotel.
Crain’s Chicago Business has the story
Centric in Barbados: A Hyatt Hotels affiliate and Vision Developments Inc. announced a 237-room Hyatt Centric hotel in Carlisle Bay, Barbados, opening in 2019. It’s the first Centric on the island. SB Architects will lead the project; interiors will be designed by DAS Concepts.
Atlanta hotels purchased: Atlanta-based Hospitality Ventures Management Group acquired two downtown Winston Salem, North Carolina hotels. Purchase prices for the 315-room Winston-Salem Marriott and the 146-room Embassy Suites Winston-Salem were not named.